jwalker2244

Okay, the exact question is this:Reimbursed owner with cheque number 101 for business expenses she paud for during this month with personal money. expenses were $297 (including gst) Travel $33 Staff Amenities $44 Subscriptions $220Im pretty sure that it goes into the cash payments journal, but im really not sure how. if someone could help me i would love them forever.

frogbfound

try petty cash

ed4428

Reimbursement to the owner is recorded as reimbursement for the appropriate expense/s.Credit exp. Debit cash.If the owner does not take reimbursement it then becomes "Capital paid in by owner", credit capital, then debit expenses.Travel should be entered in the expenses as "Travel and Entertainment". Credit exp. Debit cash.Staff amenities should go into an account, "Employee Expenses". (This could include reimbursement for gas, car use, lunches, holiday parties, etc)Credit exp. Debit cash.Subscriprtions should go into that account, "Subscriptions".Credit exp. Debit cash.Best I can suggest without knowing how your expenses are recorded.